Neubert becomes CCO and deputy group CEO as Ørsted reorganises

In future, the current corporate structure with three business units, offshore, onshore, and markets and bioenergy, will be replaced by a functional structure comprising commercial, EPC and operations. The onshore business will continue to be organised in one business unit, onshore.

The commercial area will bring together commercially focused functions from the offshore, markets and bioenergy organisations, including hydrogen. Commercial will be led by Martin Neubert, who will become chief commercial officer (CCO), deputy group CEO of Ørsted and a member of the executive board.

The EPC and operations area will bring together the EPC, offshore operations and bioenergy organisations from the current offshore and markets and bioenergy organisations. EPC and operations will be led by a yet to be appointed chief operating officer (COO). Chief executive Mads Nipper will lead the area until the position has been filled.

Onshore will remain a separate business unit and will continue to be headed by Declan Flanagan.

Mr Nipper said, “Ørsted is strongly positioned to tap into future growth potential in the global renewables markets. With the new organisation we are implementing, we want to establish an even stronger customer and market focus, further strengthen the focus on EPC and operations, and support the scaling of our organisation as we continue our strong growth trajectory in the years to come.”

As a result of the changes, Ørsted’s executive board will consist of Mr Nipper, chief financial officer Marianne Wiinholt, and Mr Neubert.

Ørsted’s executive committee will consist of Mr Nipper, Ms Wiinholt, Mr Neubert, the new chief operating officer, onshore chief executive Declan Flanagan, and chief human resources officer Henriette Fenger Ellekrog.

As markets and bioenergy will no longer exist as a separate business area, its chief executive and vice president Morten Buchgreitz has decided to leave the company with effect from 4 February. Executive vice president and head of offshore EPC and QHSE Anders Lindberg will leave Ørsted with effect from mid-February.